NS&I withdraws its Guaranteed Growth and Guaranteed Income Bonds from sale

• NS&I’s 3-year and 5-year Issues of its Guaranteed Growth Bonds and Guaranteed Income Bonds are no longer on sale
• NS&I continues to offer a range of other savings and investments, including Income Bonds and Fixed Interest Savings Certificates

These changes come into effect as a consequence of NS&I’s regular review of its product offerings and interest rates, to ensure NS&I continues to balance the interests of savers, the taxpayer and the stability of the wider financial services marketplace. Due to the popularity of the 3-year and 5-year Issues, our sales targets for these Bonds were achieved more quickly than originally expected. NS&I confirms that there has been no change to its published Net Financing target of zero for 2009–10.

NS&I continues to offer a range of other savings and investments, including Income Bonds and Fixed Interest Savings Certificates.

Notes to editors  

1. Net Financing is the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised and accrued interest, less the total outflows from withdrawals and interest or Premium Bond prize draw payments. A positive Net Financing figure represents a positive contribution to government financing.
2. Existing investors of NS&I Guaranteed Growth and Guaranteed Income Bonds, upon maturity of current holdings, have the option to continue investing with NS&I in these Bonds. Customers are contacted in advance of the maturity date.
3. NS&I has also recently changed its general enquiries number. Customers can now call NS&I free on 0500 007 007*. The former chargeable enquiries number, 0845 964 5000, will continue to operate but customers may incur a charge from their provider. NS&I’s sales line will continue to operate through 0500 500 000.